Question: Please explain the solution to this general accounting problem with accurate principles. Sunrise Manufacturing forecasts that total overhead for the current year will be $10,500,000,

Please explain the solution to this general accounting problem with accurate principles.

Please explain the solution to this general
Sunrise Manufacturing forecasts that total overhead for the current year will be $10,500,000, and that total machine hours will be 175,000 hours. Year to date, the actual overhead is $6,500,000, and the actual machine hours are 87,500 hours. If Sunrise Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is over/under applied by what amount

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